Dropping FHA mortgage insurance: wait it out, or refinance out
Asking your servicer about MIP
Crossroads answer
Your servicer can tell you whether your FHA loan's annual premium will end and when. Ask in writing for the MIP cancellation date, your case number assignment date and your original loan-to-value. A written request for information gets a response under federal servicing rules.
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What to ask
- Will my annual MIP end, and when?
- What is my case number assignment date?
- What was the original loan-to-value?
MIP questions
How do I find out when my FHA MIP ends?
Ask your servicer in writing for the cancellation date and your loan details.
Does my servicer have to answer?
A written request for information must be answered within federal deadlines.